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to be nominating jack lew to replace tim geithner as his new treasury swuf state. stay with us for live coverage from the white house. next, the gunfight continues. joe biden sits down with the nra. stay with us. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. is a fantastic experience. 30 shrimp for $11.99. i can't imagine anything better. you're getting a ton of shrimp, and it tastes really good! [ male announcer ] hurry in to red lobster's 30 shrimp for just $11.99! choose any two of five savory shrimp selections, like mango jalapeƑo shrimp and parmesan crunch shrimp. two delicious shrimp selections on one plate! all with salad and unlimited cheddar bay biscuits. 30 shrimp, just $11.99 for a limited time. wow, that's a lot of shrimp. i'm ryon stewart, i'm the ultimate shrimp lover, and i sea food differently. is efficiently absorbed in small continuous amounts. citracal slow release continuous
sometime today. he will replace tim geithner who is stepping down today just as they are preparing for a confrontation with republicans over debt and deficits. this is interesting, in jack lou becomes treasury secretary, his signature would appear on every bill. tim geithner said he had to change his signature when he got the job to make it legible. >>> it led to a fatal stabbing. police say they have arrested a cheating wife and his boyfriend and tied them to a bizarre plot. they hired a man to scared the woman's estranged husband to scare him out of moving out. >> she felt this would be a persuasion for a scare tactic to get him to move out of the residence. >> police say the husband finally stabbed the intruder during a struggle inside the home. the husband acted in self- defense and is not being charged. meanwhile hiss estranged wife and three others in jail facing murder charges. >>> a man who spearheaded the murder in colorado shooting, he is on the short list of becoming police chief. they interviewed the finalists and they are former santa clara police chief kevin kyle, tom
to the -- presenting to the nation his nominee to be his next treasury secretary tim geithner is finally leaving and the president turned to his former budget chief, now chief of staff soon to be treasury secretary, jack lew. president obama saying too bad to see tim go but we've got a good guy coming in. >> obama: i understand tim is ready for a break. obviously we're sad to see him go. but i cannot think of a better person to continue tim's work at treasury than jack lew. >> bill: and the president said jack's my buddy. good having him around here but higher duty calls. >> obama: i don't want to see him go because it's working out really well for me to have him here in the white house but my loss will be the nation's gain. >> bill: i lost the nation's gain. -- my loss, the nation's gain. one interesting thing this is what's been getting most of the talk about yesterday's nomination is not necessarily what -- how good a job jack lew will do as treasury secretary. he's a very talented guy. i think he will be a wonderful treasury secretary. and just the right person to have at the president's sid
, possibly right before that with tim geithner's private calculations. >> how real is the concern among congressional democrats that as you crawl from crisis to crisis that it prevents the administration from advancing with long-range policies with regard to imgramigration or gun control. >> i don't think it should. the administration has enormous powers under existing law. for instance, they could institute large parts of the cap and trade bill which passed the house through regulation, through rule making and the president actually did institute a large part of what would have been our bill on immigration, the dream act through administrative action. the president has a lot of power and he should use it to solve the country's problems. >> how would you characterize your last stint in congress. how would you characterize that compared to this upcoming stint? >> well, we did a lot of good for a lot of people, particularly in our district and i think they'll be able to do it again. a lot of the best things that we did in the district had nothing to do with votes on the floor and the job
the right to print money. however the treasury and tim geithner can mint a coin. they can walk over to the federal reserve, deposit in the federal reserve and then all of our debts would be erased. any economics 101 would say that is not the way to run the government. you would have crazy inflation in this case is what is crazier than the 3 trillion-dollar coin is the debt ceiling. congress has always raised the debt ceiling. only how have they fought the white house. well, it's for debt that the congress has incurred. it has to go up. the idea that this 3 trillion-dollar county could get them back the debt ceiling on a technicality is something that makes sense. >> cenk: so it's an absurd idea. understand first of all if they're not going to put it into circulation. if they put it in circulation then they would have inflation. but if they're not going to put it in circulation then what is. this all about? i guess it's the technicality to say technically we still have money. but if you had to actually use it. >> it means that they don't have to issue t-bills or auction off treasury
they want to make will be on the debt ceiling. and ironically, i think if as tim geithner did, the secretary of the treasury, float this idea of abolishing the law that requires a congressional vote, that sort of the ultimate threat that the president has. whether he can get that through or not. but that's the ultimate nightmare for the tea party. >> quickly both of you gentlemen, i want your take on the filibuster reform that is pending. there is a lot of commentary being given in the senate about what should be done. would this make it a toxic atmosphere, eugene, if harry reid goes for the full ball of wax and really smokes them out the way they have been filibustering and changes the rule? what does that do to debt ceiling negotiations, if anything? >> well, i think it probably exacerbates the tensions and the bad feelings in the senate, and where the feelings are not that bad right now. i don't know that he will try to push forward on that. >> what than, howard? >> i think he might try it. i think he is being pushed to try it by liberal constituencies who might see that as a payback for
future. i'll ask the co-chair for the campaign to fix the debt what lies ahead. >>> and report that tim geithner will leave before that battle has many wondering how that could affect the economy. >>> if you think hillary's departure of the secretary of state will leave the country without a clinton on center stage, think again. >>> and "office politics." i talk to al roker from everything from the fiscal cliff to the first one-on-one he scored with the president after his short inauguration. good morning, welcome to "weekends with alex witt." we have front page politics. with the fiscal cliff deal behind us, president obama is turning his attention to the next battle in today's weekly address, the debt ceiling. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they already wracked up. if congress refuses to give the united states the ability to pay its bill on time, consequences for the entire global economy could be catastrophic. >> meanwhile, during a closed door meeting on friday, john boehner told members of the gop conference he plans
secretary boss tim geithner had to improve what his signature looked like. it was kind of scrawling too. in order to fit on the money he improved it. white house press secretary jay carney was asked about lew's hand writings and whether he is practicing his signature. koorney said, not that i'm aware of. jenna: you remember grade school where they give you lines to follow to practice your penmanship? jon: one would think. jenna: how is your penmanship? jon: i think it is readable, shows my name but my penmanship is pretty awful. jenna: we may need to do a close-up shot. jon: i don't like to bright. the brain works faster than the hand. >> we'll see, show you the improvement if there is one to jack lew's signature when we get it. meantime we'll move onto this other story. right now to the dangerous flu outbreak really spreading throughout this country. 44 states are now reporting widespread illness. take a look at that map! almost all red. hospitals are reporting severe overcrowding. some forcing ambulances to go, to different hospital because there is simply no room in the one they're h
-866-55-press. we reported earlier this week that tim geithner was leaving. he was no longer going to be treasury secretary. barack obama yesterday it leaked out he was going to nominate jack lew to run the treasury department. he hasn't made the official announcement but it looks like jack lew is going to take that over which means we're going to get a new signature on our flat money. because you know, the treasury secretary has a signature. bill is checking to see if he has timothy geithner's autograph there on his dollar bills. >> bill: yes. >> peter: he's got a nice, neat little signature. timothy geithner. there is a whole hubbub now over jack lew's signature. are you ready america? to see that on your flat money. if you can't see it is just a squiggly line of a signature. it looks like someone has had too much to drink and tried to draw a caterpillar. >> that's something that someone could forge very easily. >> peter: it looks kind of like a war shock test. there's jack lew's signature right there. tell me what you see. i see a butterfly. that will be very interesting to see
considered failures. tim geithner's tenure has been controversial but i think broadly speaking what he did to write the financial system will be considered a tremendous achievement in the annals of economic policy-making. but again, they are in something of a rut, i think, in their economic policy-making at this point, and particularly in their approach to dealing with republicans. a lot of that, i'd say frankly the bulk of that blame falls on the house republicans and john boehner. but it's nevertheless a case that they just put somebody into the treasury department who they intend to have lead a lot of their budget battles who john boehner at this point essentially refuses to work with. during the 2011 negotiations, they said boehner and the republicans said we just don't want to deal with lew anymore. we don't feel we can get him to say yes to us. now, to some degree that might be because lew is reflecting the will of the president, but i just think there's a kind of a siege mentality a little bit at the white house that's showing up in their appointments, which is understandable, but i
Search Results 0 to 12 of about 13 (some duplicates have been removed)